Fannie Mae and Freddie Mac are known as "Government sponsored enterprises" or GSEs

Terminate Fannie Mae and Freddie Mac

Notes on the Fannie Mae/Freddie Mac Bailout

Fannie, Freddie, and a Primer in Finance

Fannie, Freddie, and Foreboding


Fannie-Freddie bailout may fundamentally alter structure of world economy

[One of the possible consequences of the U.S. government's bailout of Fannie Mae and Freddie Mac ( ) is that "the entire foundation of the American -- and dare we say global -- economy could soon be managed out of a single post office box" -- the Federal Reserve, the private intelligence firm Stratfor ( ) argued in an analysis of the current financial crisis.[1] -- Thanks to Aaron Dennis for sending this piece. --Mark]

Informant: jensenmk

From ufpj-news


Fannie and Freddie symptoms of larger problem

AFL-CIO economist says this system amounts to "Socialism for the rich and capitalism for the poor".


Fannie and Freddie: Let the patient pass away


Fannie, Freddie Spent $200 Million Lobbying — Over the past decade, Freddie Mac and Fannie Mae have spent nearly $200 million on lobbying and campaign contributions. The two government-chartered companies run a highly sophisticated lobbying operation, with deep-pocketed lobbyists in Washington and scores of local Fannie- and Freddie-sponsored homeowner groups ready to pressure lawmakers back home. Fannie and Freddie's aggressive political maneuvering has helped stave off increased regulation and preserve special benefits such as exemption from state and local income taxes and the ability to borrow at low rates. When their stock prices took a dive last week, their government allies extended another helping hand with a plan for the Treasury Department, the Federal Reserve and, possibly, Congress to shore up the companies.


Freddie and Fannie Hit Snooze on American Dream


Eulogy For The "Ownership Society"

By Mike Whitney

The fact remains that the two biggest mortgage-lenders in the world are busted and last week's stock sell-off was tantamount to a run on the country's largest bank. Paulson's statement was really nothing more than a eulogy for the mortgage industry; a few heartfelt words over the rigid corpse of a close friend.


Fannie’s lesson: The real scandals are legal

Huffington Post
by Dick Meyer


I know the prospect of reading a column about Fannie Mae, the mortgage crisis and government bailouts is as appealing as a bowl of cough syrup. So let’s consider the latest news about the giant company something young parents today call a ‘teaching moment.’ The lesson is about this old and ignored government truism: The worst scandals are the ones that are perfectly legal...

Bailout bingo

Hawaii Reporter
by Taxpayers for Common Sense


As the economy continues to sour and the housing market sputters, lawmakers stand ready to unleash their response: a financial bailout. After losing more than 50% of their stock value in a week, Fannie Mae and Freddie Mac are the latest suitors and Congress has promised to get this package done in time for August. But considering this deal could put taxpayers on the hook for tens of billions of dollars in losses, if not more, it is critical to attach some strong strings to this hastily arranged bailout...

Informant: Thomas L. Knapp


Fannie and Freddie

Le Devoir's Serge Truffaut denounces the shenanigans that led to the Fannie and Freddie bailouts - and the regulatory regime that makes them possible.

Cost of Loan Bailout, if Needed, Could Be $25 Billion

David M. Herszenhorn, reporting for The New York Times, writes: "The proposed government rescue of the nation's two mortgage finance giants will appear on the federal budget as a $25 billion cost to taxpayers, the independent Congressional Budget Office said on Tuesday even though officials conceded that there was no way of really knowing what, if anything, a bailout would cost."


Independent Media Source

User Status

Du bist nicht angemeldet.



Aktuelle Beiträge

Trump and His Allies...
https://www.commondreams.o rg/views/2022/06/21/trump- and-his-allies-are-clear-a nd-present-danger-american -democracy?utm_source=dail y_newsletter&utm_medium=Em ail&utm_campaign=daily_new sletter_op
rudkla - 22. Jun, 05:09
The Republican Party... les/the-republican-party-i s-still-doing-donald-trump s-bidding/?eType=EmailBlas tContent&eId=804d4873-50dd -4c1b-82a5-f465ac3742ce
rudkla - 26. Apr, 05:36
January 6 Committee Says... les/jan-6-committee-says-t rump-engaged-in-criminal-c onspiracy-to-undo-election /?eType=EmailBlastContent& eId=552e5725-9297-4a7c-a21 4-53c8c51615a3
rudkla - 4. Mär, 05:38
Georgia Republicans Are...
https://www.commondreams.o rg/views/2022/02/14/georgi a-republicans-are-delibera tely-attacking-voting-righ ts
rudkla - 15. Feb, 05:03
Now Every Day Is January...
https://www.commondreams.o rg/views/2022/02/07/now-ev ery-day-january-6-trump-ta rgets-vote-counters
rudkla - 8. Feb, 05:41


Juli 2008


Online seit 6961 Tagen
Zuletzt aktualisiert: 22. Jun, 05:09


Animal Protection - Tierschutz
AUFBRUCH für Bürgerrechte, Freiheit und Gesundheit
Big Brother - NWO
Care2 Connect
Civil Rights - Buergerrechte - Politik
Cuts in Social Welfare - Sozialabbau
Death Penalty - Todesstrafe
Depleted Uranium Poisoning (D.U.)
Disclaimer - Haftungsausschluss
... weitere
Weblog abonnieren